Navy Yard
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Tastykake’s Navy Yard Headquarters Sold to Salt Lake City-Based Investment Firm in $87M Deal
Tastykake’s headquarters at the Philadelphia Navy Yard has been sold to Salt Lake City-based Bridge Investment Group, writes Paul Schwedelson for the Philadelphia Business Journal. Prologis, the logistics real estate firm that had owned the 345,500-square-foot property since 2020 after a merger with Liberty Property Trust, sold the building in a $87 million deal. The…
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$285 Million AVE Navy Yard Development Apartments Opening to Residents
With 30,000 square feet of amenities now complete, the $285 million AVE Navy Yard development from Ensemble/Mosaic and Korman Communities is now welcoming its first residents, writes Paul Schwedelson for the Philadelphia Business Journal. Jeff Brown, director of development for Korman’s AVE brand, said that the team knew they had “to do something special” with…
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Orchestra Life Sciences Headquarters Moving from Canada to Philadelphia Navy Yard with Planned Expansion
Orchestra Life Sciences is moving its headquarters from Montreal in Canada, to the Philadelphia Navy Yard as it prepares for rapid growth, writes John George for the Philadelphia Business Journal. The firm, which supports pharmaceutical and biotechnology companies developing therapies for cancer and rare diseases, currently has more than 60 employees around the world and…
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Tastykake’s Navy Yard Headquarters Is Up for Sale
Tastykake’s 345,500-square-foot Philadelphia Navy Yard headquarters, built in 2009 as a custom facility for the company, is being sold by Prologis, writes Paul Schwedelson for the Philadelphia Business Journal. San Francisco-based Prologis acquired the building five years ago through a $13 billion merger with Liberty Property Trust. Tastykake’s parent company, Tasty Baking, has nearly a…
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Philadelphia Navy Yard Receives $30M Grant from Pennsylvania for Redevelopment
Philadelphia Navy Yard has received a $30 million grant from the Commonwealth of Pennsylvania to prepare shovel-ready sites aimed at attracting businesses to the development, writes Paul Schwedelson for the Philadelphia Business Journal. Ensemble Investments and Mosaic Development Partners, the Navy Yard developers, will use the funds for a 54-acre section of the property. The…
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Celebrating 25 Years of the Philadelphia Navy Yard, and Cheers to Many More
This year marks 25 years of the Philadelphia Navy Yard and the growth that has been seen in the past quarter-century has laid the ground work for the future, writes Jack Tomczuk for Metro Philadelphia. For the leaders behind the effort to redevelop the area, the future includes turning the Navy Yard into Philadelphia’s newest…
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Iovance Biotherapeutics Likely to Add Hundreds of New Jobs At Philadelphia Navy Yard
As part of an effort to increase its cell therapy manufacturing, Iovance Biotherapeutics is planning to add hundreds of new jobs at its manufacturing site at the Philadelphia Navy Yard, writes John George for the Philadelphia Business Journal. This would double the company’s current production capacity. According to Iovance’s interim CEO Fred Vogt, the expansion…
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French Biotechnology Giant bioMérieux Opens New Molecular, Genome Innovation Center at Navy Yard
After acquiring a homegrown startup, French biotechnology giant bioMérieux has opened a new molecular and genomic innovation center at the Navy Yard, writes Kristen Mosbrucker-Garza for WHYY. Currently, around 50 people work at the center, with plenty of room for expansion. “This is open 24/7,” said Adam Joelsson, senior director of assay development, industrial applications…
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